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Britannia Life Sciences Inc Com C.RLSC

RISE Life Science Corp is engaged in developing and evolving medical and adult hemp-based formulations to create general use of health and well-being products for the emerging consumer category. It derives key revenue from the United States.


CSE:RLSC - Post by User

Comment by lscfaon Apr 14, 2020 9:10am
108 Views
Post# 30906619

RE:RE:RE:RE:BIG NEWS OUT

RE:RE:RE:RE:BIG NEWS OUT

More like > 800 million shares.....


o/s shares = 60,000,000     

Buy Scientus for $25 million at $0.05 = 500,000,000 Shs.     

convert cconvertible debentures = 50,000,000 shs     

do minimum $5 million PP = 100,000,000 shs

PP warrants ($0.07 strike price) = 100,000,000



BluHorseshoe wrote: How are you deriving 750M? If RLSC holders end up with 19% of company, shouldn't that put us at ~300M (undiluted)? Not saying you're wrong, just want to check the math.

I was expecting an acquisition of another similar company TBH. Scientus Pharma looks very interesting, and I'm holding tight until we can find out a little more about this company. Very excited with the news!

 

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